The U.S. government's $160 billion handout to banks from Niagara Falls to Beverly Hills is going mostly to lenders that need it least, putting weaker rivals at risk of being shut down or taken over, analysts say.
``This has the unintended effect of making the strong stronger and the weak weaker,'' said Gray Medlin, founder of Carson Medlin Co., a Raleigh, North Carolina, investment bank focused on banking deals. ``Banks that are getting bad exams and are under intense pressure from regulators won't be successful in applying.''
U.S. Treasury Program Shuns Banks That Need Cash Most
Janet Yellen, the Treasury secretary, said her agency will need to start taking “extraordinary measures”, or...
JPMorgan Chase is summoning all staff back to the office, becoming the latest corporate giant to...
The parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company...
